Separately, Zacks Investment Research cut shares of CBTX from a “buy” rating to a “hold” rating in a research report on Tuesday.
Shares of NASDAQ:CBTX opened at $28.98 on Monday. The company has a market capitalization of $713.20 million, a PE ratio of 19.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. CBTX has a 12 month low of $24.72 and a 12 month high of $32.38. The business’s 50 day moving average price is $30.01.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CBTX. Truist Financial Corp boosted its stake in CBTX by 250.0% in the 1st quarter. Truist Financial Corp now owns 177,800 shares of the company’s stock worth $5,512,000 after purchasing an additional 127,000 shares during the period. Prospector Partners LLC acquired a new stake in shares of CBTX in the fourth quarter worth $3,235,000. State Street Corp grew its holdings in shares of CBTX by 22.2% during the fourth quarter. State Street Corp now owns 478,853 shares of the company’s stock valued at $13,949,000 after buying an additional 86,856 shares in the last quarter. Wellington Management Group LLP raised its position in CBTX by 82.0% during the third quarter. Wellington Management Group LLP now owns 157,671 shares of the company’s stock valued at $4,159,000 after buying an additional 71,044 shares during the period. Finally, Renaissance Technologies LLC raised its position in CBTX by 71.1% during the fourth quarter. Renaissance Technologies LLC now owns 123,210 shares of the company’s stock valued at $3,573,000 after buying an additional 51,200 shares during the period. 42.41% of the stock is owned by institutional investors and hedge funds.
About CBTX (Get Rating)
CBTX, Inc operates as the bank holding company for CommunityBank of Texas, National Association that provides commercial banking products and services to small and mid-sized businesses, and professionals in the United States. The company offers demand, money market, savings, and time deposit accounts, as well as certificates of deposit; commercial and industrial, commercial real estate, construction and development, 1-4 family residential mortgage, multi-family residential, consumer, and agricultural loans; and treasury and online banking services.
- Get a free copy of the StockNews.com research report on CBTX (CBTX)
- 3 Earnings Plays With Big Move Potential
- There Are Weeds In The Garden At Scotts Miracle-Gro
- It’s Time For FuboTV to Stand Out in the Sea of Streaming
- 3M Stock is Worth a Look Because of the Company it Keeps
- Landstar Systems Stock Can Bottom Down Here
Receive News & Ratings for CBTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBTX and related companies with MarketBeat.com's FREE daily email newsletter.